LOTTERY PROCEEDS SET RECORD FOR SEVENTH YEAR
For the seventh year in a row, the Missouri Lottery has increased its annual transfer of proceeds to the state. Today’s final transfer of $13.2 million brings the total proceeds to education in fiscal year 2000 to $155.8 million, breaking the previous fiscal-year record for the seventh year in a row. During the last fiscal year, proceeds totaled $150.5 million.
Today’s monthly transfer of $13,163,539 brings the total for fiscal year 2000 - which ends June 30 - to $155,819,955.
"Each year’s record becomes increasingly harder to beat," said Jim Scroggins, executive director of the Missouri Lottery. "We’ve more than doubled our proceeds in the past seven years. But each year starts a new challenge to find ways to earn more money for public education."
Scroggins attributes the past year’s increase to some efforts including: a recent record Missouri Lotto jackpot of $19 million; the introduction of the lottery’s first $5 Scratchers game in December; the introduction of a limited-time numbers game on March 31; and a couple of high Powerball jackpots, including a $150 million jackpot in March.
From January 1986, when lottery sales began, through fiscal year 1993 the lottery provided the state General Revenue Fund with more than $542 million.
After voters approved Amendment 11 in August 1992, all proceeds earned since fiscal year 1993 have benefited Missouri’s elementary, secondary and higher education programs. More than $955 million has been transferred to education for a total of more than $1,498,329,231 to the state, including education, since the lottery began in 1986.
HISTORY OF LOTTERY TRANSFERS
FY00 $155,819,955.00* **
* All proceeds to public education. All other years’ proceeds went to the General Revenue Fund.
** unaudited figures